Earnings of major international oil and gas producing companies have suffered in the first quarter of 2020 resulting from weaker product demand and lower realised oil and gas prices
Industry
Moody’s reaffirms APICORP’s credit rating to ‘Aa2’ with ‘stable’ outlook
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has announced that its ‘Aa2’ rating with a ‘stable’ outlook was reaffirmed by Moody’s Investor Service despite current economic and market shocks
Supply chains uninterrupted despite coronavirus: Saudi Aramco
Saudi Aramco said that despite the new coronavirus outbreak, its operations and supply chains were uninterrupted
Supermajor Total keeps dividend stable despite fall in profits
Oil and gas company Total has maintained a stable dividend despite a sharp decline in first-quarter net profit as oil prices plummeted to historic lows following a drop in demand due to the coronavirus crisis
Oil back to losses as demand fears return, says Rystad Energy
Oil prices fell on Monday as the market realised demand does not rebound as quick as supply needs to balance or even to keep storage from filling, despite the OPEC+ cuts